Value of 1998 Polish Zloty today

zł100 in 1998

zł184.92 in 2018

The inflation rate in Poland between 1998 and today has been 84.92%, which translates into a total increase of zł84.92. This means that 100 zloty in 1998 are equivalent to 184.92 zloty in 2018. In other words, the purchasing power of zł100 in 1998 equals zł184.92 today. The average annual inflation rate has been 2.97%.

Inflation timeline in Poland (1998-2018)

The following chart ilustrates the equivalence of zł100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (PLN) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.
Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator

Value

Total Inflation (1998-2018)

82.74%

Total Inflation*

84.92%

Annual inflation avg. (1998-2018)

3.06%

Annual inflation avg.*

2.97%

CPI 1998

56.12

CPI 2018

102.56

CPI today*

103.79

zł1 in 1998

zł1.83 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

FV: Future Value

PV: Present Value

i: Interest rate (inflation)

n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are zł100 worth today. There are 20 years between 1998 and 2018 and the average inflation rate has been 2.9706%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = zł100 * (1 + 0.03)20 = zł182.74

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *

CPI final/CPI initial

In this case, the CPI in 1998 was 56.12 and the CPI today is 103.79. Therefore,